Pay Rent marked on calendar

Michigan’s New Universal Assignment of Rents Act

Commercial property owners wishing to obtain financing will likely be required by their lender to sign a document generically referred to as an “assignment of rents and leases” as additional security for repayment of the loan. In the even… Read More
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School bus stop sign equipped with cameras for safety violations

School Bus Safety & Michigan Motorists

Like some of you, I encounter many school buses on my daily commute. With the new school year just starting, I thought it worthwhile to provide a reminder of what is required of drivers when encountering a stopped school bus, along with an update on… Read More
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An Introduction to Subrog…

An Introduction to Subrogation

I’ve recently been asked by a couple of clients to explain the concept of subrogation and thought it would be worthwhile to use this forum to provide a brief explanation of what it is and how it works. Dictionaries define subrogation as the substit… Read More
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All Shook Up

All Shook Up

The Las Vegas Review-Journal recently reported that Authentic Brands Group (ABG), the licensing company that controls the names and images of many celebrities, has sent cease-and-desist letters to several Elvis Presley-themed wedding chapels in Las V… Read More
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Title Insurance Essential…

Title Insurance Essentials

A few weeks ago, I used this forum to write about the importance of purchase agreements in every real estate transaction. This time I want to address title insurance. With each real estate deal, sellers need to make sure they own what they’re selli… Read More
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Purchase Agreement Essent…

Purchase Agreement Essentials

Because it sets forth the terms of sale and the relative rights and obligations of the parties, the purchase agreement remains the single most important document in any real estate transaction – residential or commercial. While not all purchase agr… Read More
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'Tis the Season...To Bewa…

'Tis the Season...To Beware

Nine years ago, I wrote a piece for this forum under this same title. Hearing an interview this morning with a representative of the Better Business Bureau on the same subject (updated for 2021), I revisited my old article. My, how things have change… Read More
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Land Contracts Simplified

Land Contracts Simplified

A typical real estate transaction involves a seller, a buyer, and buyer’s lender. At closing, buyer’s lender advances the funds to pay seller in full, seller conveys ownership to buyer by deed, and buyer gives its lender a security interest in th… Read More
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A Timely Reminder

A Timely Reminder

While many of you may be in the midst of sending your children off to college at this time of year, the fact is, whether your child is going to college or not, once they turn 18, they become adults in the eyes of the law and you risk being shut out u… Read More
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Hoping for the Best

Hoping for the Best

During a recent morning commute, I listened to an informative interview with former Michigan Lt. Governor, Brian Calley, who is now the president of the Small Business Association of Michigan (SBAM). During the interview, Mr. Calley summarized a rece… Read More
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